Pursuant to Chapter 5, Section 4 of the Finnish Companies Act,
Novator Finland Oy has asked to convene an Extraordinary General
Meeting. In the release published by Elisa on 22 November 2007 the
date for the Extraordinary General Meeting was announced to be 18
December 2007. According to a decision made by the board of Elisa on
November 27, 2007 the new date for the Extraordinary General Meeting
is Monday 21 January, 2008 at 2 pm. The new place for the meeting is
Helsinki Ice Hall, Nordenskiöldinkatu 11-13, Helsinki. The date of
the Extraordinary General Meeting was changed due to demands from
several significant shareholders.
Issues to be addressed at the meeting
Novator Finland Oy's proposals to the General Meeting:
1. Release of the current members of the Board of Directors from
their office.
Novator Finland Oy proposes that all of the current members
of the Board of Directors of the Company be released with immediate
effect from their office by a resolution of the Extraordinary General
Meeting.
2. Election of a new Board of Directors.
Novator Finland Oy proposes to elect a new Board of
Directors of the Company at the Extraordinary General Meeting. The
new Board of Directors may include current members of the Board of
Directors of the Company.
3. Amend the Articles of Association.
Novator Finland Oy proposes that the Extraordinary General
Meeting resolves to amend Paragraph 2 (Field of Activity) of the
Articles of Association of the Company to read as follows:"The Company may directly by itself and/or through its
subsidiaries and/or associated companies, (i) carry on general
telecommunications business in Finland and abroad, provide
telecommunications services and related equipment as well as carry on
consultation, research and inspection activities in respect of
telecommunications, and/or (ii) own real property and securities as
well as trade in securities and carry on investments and financing
activities. The Company shall in its operations pay attention to the
requirements of bilingualism."
The proposed amendment would allow the newly elected Board
of Directors to initiate the necessary actions for the restructuring
of the Company and its operations, which could include the
establishment of a subsidiary into which all of the operative
business of the Company would be transferred. Novator Finland Oy
believes that such structure would increase the flexibility of the
Company's management and operations, financial structure, risk
profile and future direction and would therefore be beneficial for
the Company and all of its shareholders.
Participation right and registration
Shareholders registered in the company's shareholders' register
maintained by the Finnish Central Securities Depository Ltd on
Friday, 11 January 2008, and who have registered to attend the
meeting as provided below, are eligible to attend the General
Meeting. The owners of nominee-registered shares who wish to
participate in the General Meeting and exercise their voting rights
can be temporarily registered in the shareholders' register. Those
shareholders who wish to be temporarily registered should contact
their maintainer of the register of nominee registered shares well
before 11 January 2008.
The registration for the Extraordinary General Meeting begins on
Friday 30 November, 2007 and ends on Sunday 13 January, 2008.
ELISA
Vesa Sahivirta
Director, IR and Financial Communication
Distribution:
Helsinki Stock Exchange
Major media